Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-03-15
The Terms Of the New Deal said eo -
Nearly Ready for Publication.

The negotiations for q transfer or the control OF
the Baltimore and Ohio railroad properties contin.
ued to absorb public attention In Baltimore yes
terday. The general belief that the deal was an
accomplished fact, and that Its details are being
arranged between the contracting parties, gave Q
better tone to the Baltimore and Ohio stock and
other OF its securities The sann says that the
statement found believers that the affair was 10
nearly in shape that Il might officially be made
public at any time. The options for the sale VI
Baltimore and Ohio stock TO the syndicate which
have been secured by MT. Garrett are for sixty
days and at $l75 or better, II the deal is made at
better figures. The stockholders who have given
options are 10 deposit their stock with the Balt-
more Mercantile Trust and Deposit company when
Gates for the STOCK and pay the holders sisSo psr
share as forfeit II the deal falls through.
pIssATBPAc1IoN WITH Mr.. sUILY.
A dispatch from the Baltimore SUNS correspon-
dent AT Richmond says: '.lnformation has reached
here, upon what Is regarded excellent author
ity, that there is great dissatisfaction among sew
eral well-known and prominent stockholders of
the West Point Terminal company In regard to
the administration OF President sully, OF that
company. IL is given out that IL President Sully
does not resign the freezing out process may be
attempted. 1t is the desire OF the dissatisfied
stockholders TO elect Mr.. John II. Inman, or New
York, formerly OF Georgia, the successor OF Mr.
Sully. IL Is reported that when the latter was
elected 70 the presidency OF the Terminal few
months ago, MT. lnman was not In position 90
cept that place. IL is intimated. but not positively
stated that In the event OF the retirement OF the
present executive head OF the Terminal, Mr.. In
man would accept"
THE suILY-GARRE1T DEAL
The New York Evening Post OF yesterday spoke
editorially as follows: 1--WE can vouch for the cor
rectness OF the following statement OF the fea
lures OF the Sully-Garrett deal Sully agreed to
buy and Garrett agreed TO sell $1,000 shares OF
Baltimore and Ohio stock at 20o-that is, for the
total sum OF $4,000, 600. payable as follows:
Sl.00o, 600 on Thursday last 10th inst, s.oooOOo
additional In forty five days thereafter 900
more In one year from the date OF the contract
The contract further gave Sully the right 10 make
tire whole OF the stock the basis OF an issue OF
SIC, 600 600 collateral-trust debentures In this
very feature lay the impracticabity OF the scheme
For the creation OF such a trust would leave the
first six millions 10 be paid entirely IN the air.
MI. Garrett did not bind himself put any OF the
stock In escrow, thus leaving the question open
one, whether he would have been able 10 deliver
the whole amount conditionally sold. For a long
time negotiations have been carried on between
Mr.. Garrett and other parties than the Sully CON-
bnatiOn for the purchase OF his interest In the
Baltimore and Ohio stock. We have reason TO
think that these negotiations are far more likely
to result In the accomplishment OF their object
than the collapsed other deal